Senior Vice President (SVP), Operations Salary
Compensation for Senior Vice Presidents of Operations in the United States is generous, with average pay surpassing six figures annually ($166K). Overall cash earnings for Senior Vice Presidents of Operations stretch from $102K on the lower end to $320K near the top, and the heftiest packages can encompass around $100K from bonuses and $52K from profit sharing. The most influential factor affecting pay for this group is residence, though tenure and the particular employer have a (lesser) impact as well. Male Senior Vice Presidents of Operations are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Medical benefits are awarded to most, and a large number earn dental coverage. Most workers in this position report high levels of job satisfaction. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
Job Description for Senior Vice President (SVP), Operations
Senior vice presidents of operations work underneath the managing president of a business or company; they manage a company’s day-to-day functions using guidance, supervision, and leadership related to operational procedures. The specific tasks of this position vary from company to company, but a senior vice president is generally tasked with ensuring the company's operations are working within the laws and the company’s standards and goals.Read More...
The senior vice president of operations must be versed in the internal goals of the company, including its financial goals and corporate mission. They also help promote cooperation and compromise between the lower-level employees of a company and its president/chief operating officer. The vice president of operations is engaging in supervision, the hiring and firing process, employee reviews and appraisals, and monitoring the organization’s operational success. The senior vice president traditionally answers to a chief executive officer and may directly supervise general manages and general directors in the company to ensure proper employee and customer relations. Most senior vice presidents of operations find themselves overseeing a large portion of any given company's infrastructure.
Senior vice presidents tend to have master’s degrees in their field, or in management, finance, or a related discipline. Most senior vice presidents positions require a minimum 10 years of related experience, and many companies require 15 or more, as well as previous success in high-level management.
Senior Vice President (SVP), Operations Tasks
- Partner with other senior management to discuss strategies, objectives, and obstacles.
- Monitor and strategize to reach annual targets and new markets.
- Oversee and manage regional and cross-functional divisions of an organization.
- Oversee accounting and financial analysis, and monitor for profitability and losses.
Common Career Paths for Senior Vice President (SVP), Operations
Senior Vice Presidents of Operations who move into a Chief Executive Officer role might bring in a slightly lower salary; Chief Executive Officers earn $170K a year on average. Many Senior Vice Presidents of Operations go on to become Chief Operating Officers or Presidents despite the fact that median compensation in those roles is reportedly $52K lower and $38K lower, respectively.
Senior Vice President (SVP), Operations Job Listings
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Popular Employer Salaries for Senior Vice President (SVP), Operations
Senior Vice Presidents of Operations flock to Citibank for generous paychecks, where average earnings of $178K lead the pack in compensation.
Popular Skills for Senior Vice President (SVP), Operations
Senior Vice Presidents of Operations report using a deep pool of skills on the job. Most notably, facility with Supply Chain, Contract Negotiation, and Process Improvement are correlated to pay that is significantly above average, leading to increases of 63 percent, 52 percent, and 8 percent, respectively. Those listing Financial Analysis as a skill should be prepared for drastically lower pay. People Management and Sales Management also typically command lower compensation. Those proficient in Operations Management are, more often than not, also skilled in Leadership and Project Management.
Pay by Experience Level for Senior Vice President (SVP), Operations
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Senior Vice Presidents of Operations with a lot of experience tend to enjoy higher earnings. Large paychecks, which sit comfortably in the six-figure range, are handed out almost immediately; professionals who have less than five years' experience report earning a median of $108K per year. Senior Vice Presidents of Operations claiming one to two decades of experience make an estimated median of $187K. Senior Vice Presidents of Operations with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $206K.
Pay Difference by Location
For those looking to make money, Senior Vice Presidents of Operations in Charlotte enjoy an exceptional pay rate, 58 percent above the national average. Senior Vice Presidents of Operations can also look forward to large paychecks in cities like Los Angeles (+26 percent), Houston (+17 percent), Seattle (+16 percent), and New York (+14 percent). With compensation 13 percent below the national average, Denver is not known for hefty paychecks and actually represents the lowest-paying market. Two other places where employers offer below-median salaries are Tampa (9 percent less) and Birmingham (8 percent less).